Gram Suraksha Yojana: There are many investment options out there for one to start investing and saving. Schemes run by the post office are among them.
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These schemes come under risk-free investment as deposits in the schemes are not subject to market risk. Millions of people like post office schemes because of their risk-free return on investments.
Gram Suraksha Yojna is one of them, Which can become a support in your old age.
What is Gram Suraksha Yojana?
Indian Citizens aged between 19 and 55 years can invest in the post office scheme. The investment amount can range from Rs 10,000 to Rs 10 lakh annually. Investment can be done on a monthly, quarterly, half-yearly or yearly basis. Investors get returns with bonuses at the age of 80 years.
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If a person dies before the age of 80 years, his legal heir will get the amount.
Features of Gram Suraksha Yojana
Any person who starts investing in Gram Suraksha Yojana can avail of the loan facility only after four years of starting the investment. Bonus can be claimed on investment after five years. The investment can be surrendered after three years of the inception.
If an investor buys a Gram Suraksha Yojana of Rs 10 lakh at the age of 19, then he will have to pay a premium of Rs 1,515 every month for 55 years, which means around 50 rupees per day.
The entire policy amount i.e. Rs 35 lakh is handed over to the beneficiary investing in Post Office Gram Suraksha Yojana on completing the age of 80 years.
